Category: Data tech

Fusionex – Penang’s GDP is expected to surpass RM100 billion after Smart Trade Setup

GEORGE TOWN: Penang’s gross domestic product (GDP) is expected to surpass RM100 billion for the next few years following the state government’s move to set up a Smart Trade Facilitation hub.

The state government has collaborated with leading data technology specialist, Fusionex, to set up a smart trade facilitation and intelligent logistics platform, which would allow businesses to capitalise on the exponential growth of the digital economy as well as cross-border trade.

State Chief Minister Chow Kon Yeow (pix) said the initiative would spur business activity as well as create a business-friendly environment for Penang, especially for the small and medium-sized enterprises (SMEs).

“Over the last few years, Penang has had a compound GDP growth rate of over 5% and received investments worth over RM9 billion in the first half of 2019,” he said in a speech at the signing of the Memorandum of Understanding (MoU) here, today.

The MoU was signed by state secretary Datuk Seri Farizan Darus on behalf of the Penang government and Fusionex managing director (Enterprise and Public Sector) Chua Yu Ye.

The signing was witnessed by Chow, State Domestic and International Trade, Entrepreneur Development and Consumer Affairs Committee chairman Datuk Abdul Halim Hussain and Fusionex founder and group chief executive officer Datuk Seri Ivan Teh.

Under the MoU, Fusionex will provide the necessary infrastructure architecture, solutions, services, facilities, expert knowledge and technology, as well as other capabilities to manage the smart trade facilitation platform. — Bernama

Read more here: https://www.thesundaily.my/local/penang-expects-gdp-to-exceed-rm100b-with-smart-trade-facilitation-hub-NI1497096

Fusionex Ivan Teh – POWERS UP TECHNOLOGY PLATFORM FOR #MYCYBERSALE 2018

FUSIONEX has actually been chosen as the innovation partner for #MYCYBERSALE 2018 and will power up the platform by supplying a detailed system for the country’s largest online sale, which will happen from Sept 3 to 7 this year.

The yearly #MYCYBERSALE event has been dubbed the most significant online sale in Malaysia and offers a multi-channel platform for Little Medium Enterprises (SMEs) and micro enterprises to offer alluring deals, fantastic discount rates and exclusive promos for online consumers to take advantage of.

fusionex ivan teh

This occasion also provides a chance for merchants in Malaysia to be effortlessly part of a fast-growing e-commerce neighborhood and community.

More than 600 merchants are expected to ship orders to China, United Arab Emirates, United States, and other nations in Europe and South East Asia.

The occasion is targeting to surpass RM50 million in export profits along with more than RM370 million in gross product value (GMV).

Pikom and Fusionex have participated in a tactical collaboration to bring exciting innovation and a detailed platform to better serve the requirements of industry players.

Pikom chairman Ganesh Kumar Bangah stated: “This tactical collaboration with Fusionex provides an improved back-end system to allow merchants to take advantage of smooth market deals and a better reporting mechanism throughout #MYCYBERSALE. We would like to thank Fusionex for belonging to this initiative.”

Previously, Ganesh had shared that this year’s tag line for MyCybersale is “Store up until you drop!”.

Fusionex Ivan Teh said: “We are delighted to be a part of this amazing #MYCYBERSALE team (championed by Pikom and supported by MDEC) and eagerly anticipate making this a resounding success (for the industry and community). We hope organisations will maximize this inclusive, user-friendly digital platform and program, to broaden their reach and market access.

” In today’s world, companies (whether big corporations or SMEs) can no longer presume that customers will link and acquire products the way they used to in the past. Today’s clients are smart and always connected. If merchants are not engaging customers successfully via e-commerce (and through an omni-channel technique), then they’ll be losing in this period. We hope that Fusionex’s technology platform by means of MyCybersale will provide merchants a leg-up and opportunity to succeed in this area.”

Check out: https://www.digitalnewsasia.com/digital-economy/fusionex-powers-technology-platform-mycybersale-2018